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September PrefLetter Released!

The September, 2019, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”. Those who subscribe for a full year receive the “Previous edition” as a bonus. PrefLetter may now be purchased by all Canadian residents. Until further notice, the “Pr ...

Market Update. Investors eye rate cuts, but markets remain lukewarm as US-China trade dispute continues

Global equity markets have rallied off their mid-August lows that were driven by US-China trade tensions.  Sentiment looks to be improving as investors speculate that the US Federal Reserve and the European Central Bank may cut interest rates in September to address the prospect of slowing global ...

Disappointing building activity in Canada’s Big Six so far this year

Ottawa, September 11, 2019—Conference Board of Canada senior economist Henry Diaz offers the following insights on the release of metropolitan area building permit data for July: “The value of building permits rose in July in Canada’s Census metropolitan areas (CMAs), led by big jumps in bot ...

Tech Talk for Monday September 9th 2019

Pre-opening Comments for Monday September 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Chipotle gained $8.42 to $844.74 after Wedbush upgraded the stock to Outperform from Neutral. Target was increased to $980 from $780. Royal Cari ...

Merchandise Trade Balance Slips into a Deficit Position in July

Ottawa, September 4, 2019— “With exports falling and imports rising, Canada's merchandise trade balance slipped into a $1.1 billion deficit position in July.” says Doris Chu, a Senior Economist with the Conference Board of Canada.  “After powering the economy in the second quarter, Canada ...

China Blinks First, U.S. Equities Rally

Market Recap for Thursday, August 29, 2019 Well, thank you China. On Thursday morning, China pledged a calmer approach to the trade war and indicated they would not retaliate for the latest tariffs imposed by the U.S. At least not now. Temporarily, that appeased traders who used the opportunity to ...

State of the Stock Market - Big Sectors Hold Strong

The broader market may not seem bullish right now, but there is clearly a bull market somewhere within stocks. In particular, the S&P 500 and Nasdaq 100 are currently within five percent of all time highs, which were hit just five weeks ago. Moreover, they held well above their early June lows duri ...

Ranking and Categorizing Dozens of Key ETFs into Five Chart Groups

Today I am breaking my ETF chart list into five groups and showing these groups in order of performance, strongest to weakest. After analyzing and comparing these price charts, five clear groups emerged. First, there are ETFs with very strong uptrends that look very extended. Second, there are ETF ...

Consumer Strength Is Real, PLUS A Personal Announcement

Market Recap for Wednesday, August 28, 2019 10 of 11 sectors advanced in a broad-based rally on Wednesday that carried the Dow Jones higher by 1%. The small cap Russell 2000, a major laggard in 2019, rose 1.15% in a rare day of outperformance. Energy (XLE, +1.43%), consumer discretionary (XLY, +1.2 ...

Saying your vows? Here’s what every couple should know about managing their money

Wedding season is here and as couples across the country celebrate their love with friends and family, we wanted to offer Canada’s newlyweds a gift of our own: the financial advice you’ll need to build a lifetime of happiness.  Money is one of the most important elements of your shared life to ...